Fund Governance

Fund Governance

APRA inaction likely contributed to performance test policy creation

A reluctance or lack of appetite by the Australian Prudential Regulatory Authority for enforcement against underperforming superannuation funds has likely played a role in the creation of the Your Future, Your Super performance test, a Senate Committee has heard.

Matthew SmithApril 7, 2021

Fund Governance

How funds foot penalties and remediation still not clear

Even in cases where remediation programs have begun or actions have been taken and where remediation is possible, regulators and government remain unclear about how trustees can direct funds to pay without impacting member balances, a House or Reps committee has heard.

Matthew SmithMarch 29, 2021

Fund Governance

Aussie super funds 4th most transparent, new benchmark finds

Across the globe the transparency of disclosure varied greatly, both between countries and between funds across all the factors that were measured. In some instances there are wild variances between the best and worst performers, the new benchmark reflects.

Amanda WhiteFebruary 17, 2021

Fund Governance

‘We were never in a liquidity situation’: HostPlus

The $50 billion fund's deputy CIO - brought onto the panel to replace a sick Sam Sicilia - said the fund had enough liquidity amidst the early release scheme to manage "well beyond even the worst scenario we could imagine".

Tahn SharpeFebruary 10, 2021

Fund Governance

Innovate to avoid forced mergers: Fairley

Greater transparency brought on by new regulatory requirements will lead to funds quickly realising the writing is on the wall to merge, but time might be running out for some, Togethr and Equipsuper's Andrew Fairley says.

Matthew SmithFebruary 8, 2021

Fund Governance

Performance ‘argie-bargie’ not helping industry’s cause: Rowell

APRA will have “significant input” into the government’s proposed YFYS performance test which is not yet set in stone, APRA's Helen Rowell noted, before expressing frustration with industry interactions relating to performance measurement.

Matthew SmithFebruary 1, 2021

Fund Governance

Myer Foundation ESG portfolio alignment 90pc complete

The Myer retail-turned-philanthropy family is actively choosing environmental, social and good governance investments to drive its performance, a process it began two years ago, Martyn Myer explains.

Meredith BoothJanuary 11, 2021

Fund Governance

Industry fund trustees to mull balance sheet creation

Whether new look profit-for-member trustees with balance sheets and new insurance arrangements leads to these funds attracting the same attention for civil penalties and remediation as for-profit funds remains to be seen.

Matthew SmithDecember 14, 2020

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